Tax-Exempt Bond Financing for Manufacturers
The Phoenix IDA, in partnership with Alliance Bank of Arizona, is working on increasing exposure to this underutilized, yet important bond financing option. Tax-exempt bonds for manufacturers are designed to provide a low-cost source of funds to manufacturers that typically are seeking between $3 million and $10 million for facilities and equipment.
In general, bond funds can be used to purchase land for construction of new facilities and equipment, to expand and equip existing facilities, or to purchase existing facilities and equipment. Certain program requirements must be met, and as with all bonds issued by the Phoenix IDA, the project and borrower will need to meet applicable underwriting standards in order for the bonds to be sold. (Please follow the ‘Program Description’ link for more information)
For additional details, please contact Mike Santellanes at (602) 262-7644 or firstname.lastname@example.org.